Solid Power, Inc. (NASDAQ:SLDP) Short Interest Update

Solid Power, Inc. (NASDAQ:SLDP) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 19,280,000 shares, a decrease of 16.7% from the December 31st total of 23,150,000 shares. Approximately 13.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,400,000 shares, the short-interest ratio is presently 4.4 days.

Solid Power Price Performance

NASDAQ SLDP traded down $0.02 on Monday, reaching $1.37. The company had a trading volume of 2,449,208 shares, compared to its average volume of 4,607,679. The firm has a market cap of $247.13 million, a price-to-earnings ratio of -2.80 and a beta of 1.41. Solid Power has a fifty-two week low of $1.00 and a fifty-two week high of $2.70. The business has a 50 day moving average of $1.48 and a two-hundred day moving average of $1.41.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $4.65 million during the quarter. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and set a $2.00 price target on shares of Solid Power in a report on Wednesday, January 15th.

Insider Transactions at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the transaction, the chief technology officer now directly owns 869,720 shares in the company, valued at approximately $930,600.40. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 562,500 shares of company stock worth $793,125. Corporate insiders own 7.20% of the company’s stock.

Institutional Trading of Solid Power

A number of large investors have recently bought and sold shares of SLDP. Yaupon Capital Management LP grew its holdings in Solid Power by 27.5% during the 3rd quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock worth $3,212,000 after acquiring an additional 513,689 shares during the period. Barclays PLC grew its holdings in Solid Power by 268.4% during the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock worth $271,000 after acquiring an additional 146,157 shares during the period. Virtu Financial LLC acquired a new stake in Solid Power during the 3rd quarter worth about $195,000. SG Americas Securities LLC grew its holdings in Solid Power by 205.5% during the 4th quarter. SG Americas Securities LLC now owns 182,685 shares of the company’s stock worth $345,000 after acquiring an additional 122,888 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Solid Power by 10.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock worth $1,559,000 after acquiring an additional 106,380 shares during the period. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Solid Power Company Profile

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.